Accelerating progress
2023 Sustainability Report
State Street's purpose is clear: to help create better outcomes for the world’s investors and the people they serve. As one of the world’s largest service providers and managers of institutional assets, our success depends on the success of our stakeholders — our clients, employees, investors, and the communities we serve.
Throughout the past year, we made progress across a number of areas that we believe contribute to long-term value creation for State Street and our shareholders.
State Street Foundation: A platform for change
State Street Foundation focuses our philanthropy and grant-making on promoting economic opportunity by reducing equity gaps in educational achievement and employability. Providing unrestricted grants to support the core functions of organizations whose missions, activities and strategies align closely with our funding guidelines enables our grantee partners to determine their spending priorities. To complement our strategic grant-making, the Foundation also offers a Matching Gift Program in which our employees can monetize their volunteer service and match their donations to charitable partners, helping us create a more equitable world.
Empowering our teams to give back
State Street Volunteers encourages employees to strengthen their communities through volunteering. Whether it’s collaborating with a local charity, organizing a team project, or volunteering virtually for more accessibility, we’re making a tangible impact. By offering employees four paid volunteer days every year and providing guidance on how to engage with our communities, we enable and encourage them to take action that makes a difference.